Back to $100K
The past year shows the $100k level in detail. This has the potential to be a major support level, as it has been tested so many times. But bad things can happen, so we shouldn’t count on it.
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The past year shows the $100k level in detail. This has the potential to be a major support level, as it has been tested so many times. But bad things can happen, so we shouldn’t count on it.
Do you remember the days when Bitcoin was really exciting? It’s not over yet, because the 200-day moving average is still rising, and a bull run could kick off at any time.
This has been the most disappointing October since the bear market of 2014, which saw a 12% drop. The uptrend is under threat.
Bitcoin’s ByteTrend score drops to a 3, having visited 2 in recent days. Uptober has turned into Noctober, and the crowds are disappointed.
Bitcoin’s ByteTrend Score remains a 5, despite yesterday’s pullback. With gold at $4,000 for the first time in history, Bitcoin has a challenger.
Bitcoin’s ByteTrend Score is back to a 5, but it doesn’t feel like or even look like it. But today is the first day of the long-awaited October, and it is best to give it the benefit of the doubt.